Friday, July 21, 2006

Can a firefighter afford housing
in your community?

The Florida Housing Coalition has prepared a quite remarkable report which lets you compare the price of homes in 18 metro areas to actual wage information for more than 60 occupations.

The report shows how the workforce is “priced out” of the housing market causing communities to suffer from a lack of people relied upon to make every community viable. Teachers, nursing assistants, retail workers, emergency services providers and law enforcement are the backbone of any community, but without affordable housing, they have extreme difficulty living in the very communities they serve.

The report will tell you how much mortgage that occupation can afford, how much government assistance is needed to get them into a particular home and what income would actually be needed to purchase that home.

For example, in Orlando, a firefighter can afford a mortgage of $107,887 and would need $123,513 in government assistance to afford a median-priced home, which cost $231,400 in 2005. A firefighter would have to work 48 hours a weekly to afford a two-bedroom apartment at the market rent of $1,076.

Check out the "Florida Priced Out Report" here.


At 6:33 PM, Blogger Anonymous Law Student said...

Wow, that's extremely interesting. It's like "you're good enough to serve us, but not to be our neighbor"...very uncool.


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